A new key biodiversity platform for cross sectoral collaboration
For its inaugural launch, World Biodiversity Summit will help define what world leaders and the private sector in biodiversity and climate action need to do in the medium and long term to achieve sustainable development and hinder further biodiversity loss, focusing on partnerships and investment mechanisms as levers of progress. World Biodiversity Summit is a platform for responding to accelerating biodiversity loss, by using the Paris Agreement as a framework to learn from, promoting relevant solutions, innovations, and leadership networks, strengthening nature restoration and conservation. Nature-based solutions will be highlighted, from specificecosystems to global possibilities.
First year tracking of the Danish pension fund commitment towards USD50 billion in green investments by 2030
Insurance & Pension Denmark CEO, Ken Damsgaard reported that Danish pension funds have invested $8 billion in green projects since the 2019 Climate Action Summit in New York. This far exceeds earlier expectations and could lead to Danish pension funds reaching their $50 billion green investment target three years ahead of schedule.
Elgon Hydro Siti 1 & 2 - PFA
Construction of hydro project in Uganda with a total capacity of 21.5 MW.
The Siti projects is two hydropower plants utilising the hydropower potential of the river Siti as it drops 300m in a series of rapids, in and around the village of Chesoweri on the northern slopes of Mt. Elgon in eastern Uganda.
Expected annual emission reduction is up to 60,000 tonnes of CO2 eq.
ASSET CLASS
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Stock/equities - Listed
GREEN DIMENSIONS
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Energy production - Other (Hydropower)
CONTACT
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VALUE IN US DOLLARS
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USD 16 million
EXPECTED MATURITY
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-
LINKS
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-
GEOGRAPHIC LOCATION
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Africa (Uganda)
FORM OF FUNDING
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Equity
PARTNERS
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DI Frontier Market Energy & Carbon Fund